But Mr Fuller said the words meant nothing without action to fill the black hole in the pension. He told the Sun: “Anyone can say sorry after the event. What we need is action, not words.”

At least 50 MPs are expected to vote for Sir Philip to lose his gong if Speaker John Bercow allows – as expected – the show of hands as part of the BHS debate in the Commons. MPs hope the vote will influence the Honours Forfeiture Committee which has the final say on annulling knighthoods.

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A motion for debate – led by Labour’s Frank Field, chairman of the Work and Pensions Committee – states: “That this House notes the recent joint report by the Business, Innovation and Skills and the Work and Pensions Committees on BHS.

“(This House) endorses that report’s criticisms of the governance of the company and of the holding company, Taveta Investments Limited.

Sir Philip gave an interview this week claiming he "did everything possible" to keep the business from going under

It adds: "(This House) noting that Philip Green received his knighthood for his services for the retail industry, believes his actions raise the question of whether he should be allowed to continue to be a holder of the honour and calls on the Honours Forfeiture Committee to recommend his knighthood be cancelled and annulled."